Porting Android wear to K8 3G Android watch?

What do people think of repurposing this device to run Android wear?

http://m.gearbest.com/cell-phones/pp_238976.html

This is a fraction of the price of alternatives. The downside is a Mediatek chip.

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Unlocked for Worldwide use. Please ensure local area network is compatible. click here for Network Frequency of your country. Please check with your carrier/provider before purchasing this item.
Main Feature：
Dispaly: 1.4 inch OLED (400x400) Screen
CPU: MTK6572 Dual Core 1.0GHz
GPU: Mali-400MP
System: Android 4.4
Bluetooth: Bluetooth 4.0
RAM+ROM: 512MB (471.89MB available) + 4GB (3.59GB available)
Network:
GSM: 850/900/1800/1900MHz
WCDMA: 850/2100MHz
1.4 inch OLED Round Dial touch screen
Best suitable screen size with high definition picture displaying gives you great experience
Heart Rate Monitor
The watch can monitor your heart rate; you can know your heart rate from the display during

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